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To embed, copy and paste the code into your website or blog: On April 17, 2021, the Small Business Association (SBA) released a comprehensive Restaurant Revitalization Fund (RRF) Program Guide outlining eligibility and the application process. Restaurants and other foodservice entities can now start preparing their RRF Grant Applications (SBA Form 3172).[1] The SBA has explicitly stated not to submit RRF forms at this time. How to Apply? Restaurants and other foodservice entities can apply through SBA-recognized Point of Sale Restaurant Partners or directly with the SBA in a forthcoming online application portal. Please see my previous article about required documentation. In addition to the core documentation required for all applicants, brewpubs, tasting rooms, taprooms, breweries, wineries, distilleries, and bakeries must provide documents evidencing that onsite sales to the public comprise at least 33.00% of gross receipts for 2019, which may include Tax an ....
To embed, copy and paste the code into your website or blog: The Restaurant Revitalization Fund (RRF) was created to provide direct relief to restaurants and other foodservice venues affected by the COVID-19 pandemic.[1] As the Small Business Association (SBA) has yet to release the RRF applications, we encourage restaurant owners to continue monitoring the SBA website for news and updates on the RRF grants and the application process. In the meantime, the National Restaurant Association (Association) has issued updated FAQs on the RRF Grant Program. The Association provides the latest information about how the RRF grant process might work, as well as new developments on eligibility. The FAQs can help you prepare for the RRF Application process, and we encourage all restaurant owners to review them. ....
To embed, copy and paste the code into your website or blog: Help is on the way for restaurant owners who were hit hard by the COVID-19 pandemic. On March 11, 2021, President Joe Biden signed the American Rescue Plan Act of 2021 (the “Act’), a $1.9 trillion bill aimed at boosting the American economy during the COVID-19 pandemic. The Act created a $28.6 billion Restaurant Revitalization Fund (RRF). Unlike the Paycheck Protection Program (PPP) loans, the RRF will be administer directly by the Small Business Administration (SBA). What is the RRF grant? An eligible restaurant business may receive a tax-free federal grant equal to the amount of its COVID 19 pandemic-related revenue loss. Unlike the PPP, the RRF is a grant, which means you do not need to pay it back. ....